Carnarvon Energy Limited · ASX:CVN
Carnarvon Energy — Institutional Investor Conference 2021
16 slides from Carnarvon Energy's conference presentation, Mar 9, 2021
Slide 1: Corporate Presentation – Institutional Investor Conference
1 For personal use only CORPORATE PRESENTATION INSTITUTIONAL INVESTOR CONFERENCE 9 MARCH 2021
Slide 2: Disclaimer
2 DISCLAIMER The resource estimates outlined in this Presentation are based on and fairly represent information and supporting documentation prepared by the Company’s Chief Operating Officer, Mr Philip Huizenga, who is a full-time employee of the For personal use only Company. Mr Huizenga has over 2
Slide 3: Snapshot
SNAPSHOT 3 GROWTH CENTRIC PORTFOLIO STRONG FINANCIAL POSITION For personal use only 1. GROWTH 2. MARKET CAP 3. CASH S I G N I F C I A N T C ATA LY S T S $ 4 4 0 M I L L I O N ( AT 2 8 C P S ) $106 MILLION (NO DEBT) 4. PORTFOLIO 10 NWS PERMITS 5. DORADO OIL & GAS DEVELOPMENT 6. BUFFALO OIL FIELD REDE
Slide 4: Strategy
STRATEGY 4 TA R G E T E D A S S E T O P P O R T U N I T I E S C A PA B L E O F M AT E R I A L VA L U E G E N E R AT I O N For personal use only AUSTRALIAN LEVERAGING A LOCAL PRESENCE, TECHNICAL K N O W L E D G E , B U S I N E S S R E L AT I O N S H I P S A N D * P R O J E C T A N D TA X AT I O N E F
Slide 5: Value Drivers
VALUE DRIVERS 5 130 MILLION BARRELS OF OIL N E T TO C A R N A R V O N For personal use only DORADO 30 OIL FIELD DEVELOPMENT MILLION BARRELS N E T TO C V N BUFFALO OIL FIELD REDEVELOPMENT 60 MILLION BARRELS N E T TO C V N 15 MILLION BARRELS N E T TO C V N APUS 25 E X P L O R AT I O N TA R G E T NEAR
Slide 6: Buffalo – Oil Field Redevelopment
* BUFFALO – CVN 50% 6 OIL FIELD REDEVELOPMENT P R O V E N H I G H D E L I V E R Y, L O W C O S T F I E L D For personal use only DRILLING P R E PA R AT I O N S F O R 2 0 2 1 W E L L U N D E R WAY N O W C O S T TO B E C O V E R E D BY I N C O M I N G PA R T N E R ( AT 5 0 % E Q U I T Y ) * W E L L TO
Slide 7: Dorado Liquids Phase
DORADO LIQUIDS PHASE – CVN 20% 7 ONE OF THE LARGEST OIL FIELDS DISCOVERED IN THE LAST 30 YEARS IN WESTERN AUSTRALIA For personal use only PROJECT DE-RISKED 2 0 1 8 – 1 5 0 M M B B L S O F O I L A N D S I G N I F I C A N T G A S D I S C O V E R E D. 2 0 1 9 – T W O S U C C E S S F U L A P P R A I S A
Slide 8: Dorado Phase – Future Gas Development
DORADO PHASE 2 – CVN 20% 8 D O R A D O F I E L D C O N TA I N S H I G H Q U A L I T Y G A S FUTURE DEVELOPMENT OPPORTUNITY For personal use only PHASING PHASE 1 WILL REINJECT THE GAS PHASE 2 OPTIONS: ➢ G R E AT E R B E D O U T O R D O R A D O - O N LY G A S DEVELOPMENT ➢ P OT E N T I A L A D D I T I
Slide 9: Pavo & Apus
PAVO & APUS – CVN 20% TO 30% 9 T W O M AT E R I A L E X P L O R AT I O N TA R G E T S NEAR DORADO (IN BEDOUT BASIN) For personal use only LIQUIDS TIE-BACKS ➢ PAV O - 8 2 M I L L I O N B A R R E L S ( G R O S S , P M E A N ) ➢ APUS - 235 MILLION BARRELS (GROSS, PMEAN) N E A R F I E L D R E S O U R C
Slide 10: Bedout Basin – Substantial Exploration Opportunity
BEDOUT BASIN – CVN 20 TO 30% 10 S U B S TA N T I A L E X P L O R AT I O N O P P O R T U N I T Y V E R Y L A R G E A N D L I G H T LY E X P L O R E D R E G I O N For personal use only NEW BASIN EIGHT OUT OF THE LAST NINE WELLS IN THE BASIN ALL ENCOUNTERED HYDROCARBONS AND FOUND THE DORADO AND ROC FIE
Slide 11: Bedout Basin – Quality Data Is Fundamental
BEDOUT BASIN – CVN 20 TO 30% 11 Q U A L I T Y DATA I S F U N DA M E N TA L TO U N L O C K I N G O P P O R T U N I T I E S For personal use only Roc Dorado Apus 3D SEISMIC DATA NEW 3D SEISMIC PLANNED IN 2021 SEISMIC AMPLITUDE CHIMNEYS ➢ OBSERVED ABOVE ALL DISCOVERIES IN THE BEDOUT AND COULD BE REPRES
Slide 12: What to Watch for in 2021
WHAT TO WATCH FOR IN 2021 12 S Y S T E M AT I C P R O J E C T P R O G R E S S I O N S I G N I F I C A N T VA L U E P O T E N T I A L For personal use only DORADO DEVELOPMENT PAVO & APUS DRILLING COMMENCEMENT AND PROGRESSION OF THE ENGINEERING CONTRACTING THE RIG FOR DRILLING THE WELLS AND WORK (“FEE
Slide 13: Ahead of the 2022 Conference
AHEAD OF THE 2022 CONFERENCE…… 13 1 3 0 M I L L I O N B A R R E L S O F O I L N E T TO C A R N A R V O N M AT E R I A L I N C R E A S E I N C U R R E N T R E S O U R C E S F O R D E V E L O P M E N T For personal use only DORADO 30 OIL FIELD DEVELOPMENT MILLION BARRELS N E T TO C V N BUFFALO OIL FIE
Slide 14: 3D Seismic Image: Roc, Dorado, Pavo and Apus
14 Roc field For personal use only Pavo prospect Dorado field 3D SEISMIC IMAGE AT TOP CALEY Apus prospect RESERVOIR OVER THE ROC AND DORADO FIELDS (BACKGROUND) TO THE PAVO AND APUS PROSPECTS (FOREGROUND).
Slide 15: Oil & Gas Volume Summary (Contingent Resources)
Oil & gas volume summary (contingent resources) 15 For personal use only Gross Resources (100% basis) Oil & Condensate Natural Gas Barrels of Oil Equivalent MMbbl BCF MMboe 1C 2C 3C 1C 2C 3C 1C 2C 3C Dorado 86 162 285 367 748 1,358 176 344 614 Roc 12 20 35 205 332 580 48 78 137 Bedout Project Sub-To
Slide 16: Oil & Gas Volume Summary (Selected Prospective Resources)
Oil & gas volume summary (selected prospective resources) 16 For personal use only Gross Resources (100% basis) Light Oil Natural Gas Barrels of Oil Equivalent Pg MMbbl BCF MMboe % P90 P50 Mean P10 P90 P50 Mean P10 P90 P50 Mean P10 Pavo 11 63 82 179 3 31 108 249 11 68 101 223 34% Apus 26 160 235 537
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